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Meta's cash capital expenditure went the other way in the first quarter of 2026 — from $21.38 billion the quarter before, a fall to $19.0 billion
Meta's 10-Q reports purchases of property and equipment of $19.00 billion in the first quarter of 2026, up from $12.94 billion a year earlier. Meta says it continued to invest in servers, data centres and network infrastructure.
Verified 2026-08-03
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Even big AI spenders do not rise every quarter, so a single dip is worth noting but not overreading.
- Price
- $634.14
- 30D
- -12.90%
- AI share of revenue
- Not disclosed
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More on Capital
- While Amazon, Microsoft, Meta, Alphabet and Oracle have all sharply increased AI capital spending, Apple's cash paid for property, plant and equipment in the nine months to 27 June 2026 actually fell, to Apple's nine-month capex of $6.8 billion, down 28% from $9.47 billion a year earlier
- A Brookings Papers draft by Columbia's Stijn Van Nieuwerburgh projects that the US AI build-out of 2025 to 2032 will absorb, every year, 3.63% of GDP, versus 2.24% for the railroads of 1870–1890
- Global private investment in AI reached $344.7 billion in 2025, up 127.5% year-over-year, with generative AI companies alone capturing $170.9 billion of that total
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